MTN Group Limited - Announcement to shareholders

MTN Group Limited - Announcement to shareholders                                
("MTN")                                                                         
(formerly M-CELL LIMITED)                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009584/06)                                            
Share code MTN                                                                  
ISIN ZAE000042164                                                               
Announcement to shareholders                                                    
Shareholders are referred to the announcement of MTN"s Preliminary Reviewed     
Results for the year ended 31 March 2003 which were released on SENS on         
Thursday, 19 June 2003 and in the press today.                                  
Due to a typesetting error, the paragraph headed "Prospects" incorrectly stated 
the following:                                                                  
"MTN South Africa is projected to grow their contribution to subscriber and     
earnings growth.  The international operations are expected to maintain strong  
positive cash flows."                                                           
These sentences ought to have stated:                                           
"The international operations are projected to grow their contribution to       
subscriber and earnings growth. MTN South Africa is expected to maintain strong 
positive cash flows."                                                           
The "Prospects" paragraph should therefore read as follows:                     
"Assuming current market conditions continue, the Board is confident that the   
Group"s operations will show satisfactory earnings growth in the year ahead. The
international operations are projected to grow their contribution to subscriber 
and earnings growth. MTN South Africa is expected to maintain strong positive   
cash flows. In the face of a maturing local market, management is implementing  
strategies to optimize performance.                                             
The Group is exploring value enhancing activities, in line with its vision of   
becoming the leading provider of communication services on the continent."      
MTN regrets any confusion that may have been caused.                            
Sandton                                                                         
20 June 2003                                                                    
Date: 20/06/2003 10:49:05 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department